Avon Products, Inc. (NYSE: AVP), a globally recognized leader in direct selling of beauty and related products, today announced its results for the quarter ended March 31, 2018.
Jan Zijderveld, Avon CEO, said,
“Avon’s first-quarter results were unsatisfactory and do not represent the underlying potential of the business.
During my first 90 days, I have been deeply engaged in a comprehensive review of the Company’s operations, including on-the-ground visits to many of our top markets where I have met with many of our direct selling Representatives.”
Zijderveld emphasized,
“While we are focused on the formulation of Avon’s longer-term plans, we are already implementing near-term fixes that support the success and satisfaction of our Representatives–starting with actions to improve service delivery.
Our long-term mission is clear, to return Avon to a competitive market position, and we are moving with deliberate urgency to design our turnaround plan.”
Highlights for First Quarter of 2018:
Total Revenue increased 5% to $1.4 billion, or 2% in constant dollars1, both including a 6% reporting benefit due to the impact of adopting the new revenue recognition standard required by generally accepted accounting principles in the United States (“GAAP”)
Active Representatives and Ending Representatives declined 4% and 1%, respectively, largely due to declines in Brazil.
Operating
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Oriflame Sales Down 2% To €334.1 Million
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Swedish beauty products company Oriflame on Friday posted lower than expected first-quarter operating profit and said its Russian sales were falling, sending its share price plunging by 16 percent.
Local currency sales increased by 8%, slightly positively impacted by timing of catalogues. Euro sales decreased by 2% to €334.1m (€340.1m). Euro sales amounted to €330.8m* in accordance with IFRS.
Number of registered actives increased by 1% to 3.0m.
EBITDA amounted to €42.1m (€40.4m) and to €46.3m* in accordance with IFRS.
Operating margin was 9.2% (8.8%), negatively impacted by 320 bps from currencies, and operating profit was €30.6m (€29.8m). Operating margin was 10.5%* and operating profit was €34.8m* in accordance with IFRS.
Net profit was €18.7m (€19.5m) and diluted EPS €0.32 (€0.34). The tax rate was unfavorably impacted by approximately 350 bps from withholding tax on extraordinary large intra group dividends during the quarter. Net profit was €21.0m* and diluted EPS €0.36* in accordance with IFRS.
Cash flow from operating activities was €24.9m (€-1.5m) and €24.9m* in accordance with IFRS.
The development in the second quarter to date is approximately -2% in local currency, negatively impacted by timing of catalogues in the CIS as well as conferences in most regions.
*Figures following the adoption of IFRS 15 and IFRS
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Herbalife Q1 Sales Up 7% To $1.2 Billion
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Herbalife Nutrition Ltd. (NYSE: HLF) today reported financial results for the first quarter ended March 31, 2018.
Rich Goudis, CEO of Herbalife Nutrition stated:
“We reported higher than expected results and returned to growth in the US, reflecting the efforts of our entrepreneurial distributors, who are meeting the needs of consumers around the world.
We are confident about Herbalife Nutrition’s bright future and, accordingly, we have raised our guidance for the full year, as we continue to execute on our strategy to drive long-term growth and fulfill our mission of making the world healthier and happier through personalized nutrition.”
Quater Highlights:
Reported net sales of $1.2 billion increased 7%compared to first quarter 2017, above the guidance range of (1.0%) – 3.0%.
Reported and adjusted diluted EPS of $1.08 and $1.40, respectively, compared to $0.98 and $1.24 for first quarter last year.
Volume points of 1.4 billion were relatively flat compared to the prior year period, above the guidance range of (7.0%) – (3.0%).
Raising FY 2018 volume point guidance range to 3% – 7% growth as well as reported and adjusted diluted EPS guidance to $3.95 – $4.35 and $5.05 – $5.45, on a pre stock split basis, respectively.
About Herbalife Nutrition Ltd.:
Herbalife Nutrition is a global nutrition
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Modere Announces Record-Breaking Q1 Growth
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Modere (“the Company”), the first social retailer to create a safe and forward-thinking approach to overall wellness, today announced double- and triple-digit growth rates in its key markets during the first quarter of 2018.
Modere is a Triple A classified opportunity by Business For Home, the Top Rank.
Measured year-over-year, first quarter revenue growth at Modere increased 37 percent in Australia, 43 percent in North America, and an immense 506 percent in Europe.
Building on this progress, Modere is positioned for continued growth in 2018 as the Company executes its mission of innovation in the manufacturing and distribution of science-backed, clean label nutritional, personal care, health and wellness and household care products.
“At Modere, our brand commitment goes beyond delivering the most innovative clean label products in the industry,”
said Asma Ishaq, CEO.
“It’s also our constant goal to provide the best-in-class service to our customers. Our record-breaking sales during the first quarter of 2018 validate our growth plan and prove that we are moving in the right direction. Going forward, executing on our new developments and initiatives over the next several months will sustain our expansion and further our sales efforts all over the world.”
Modere is preparing to launch several new, category-leading products and
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Nu Skin Q1 Sales Up 24% To $616 Million
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We delivered strong first-quarter results highlighted by 24 percent growth in revenue, which included a 7 percent foreign currency benefit,”
said Ritch Wood, chief executive officer.
“Our revenue growth was driven by an 11 percent increase in customers and a 16 percent improvement in the number of sales leaders.
We are encouraged by the early execution of our growth strategy centered on engaging platforms, enabling products and empowering programs.“
“Based on the strength of first-quarter results and our initiatives for the remainder of the year, we are increasing our annual revenue guidance by $70 million,” said Wood.
“We remain focused on building momentum and executing our customer growth strategy by increasing social sharing capabilities with additional training and tools, driving innovation with ageLOC LumiSpa and other new products, and continuing the roll out of Velocity, our enhanced sales compensation program.”
“We generated 24 percent year-over-year revenue growth and strong earnings performance in the quarter,” said Mark Lawrence, chief financial officer.
“As previously disclosed, we incurred a charge associated with the early conversion of our convertible note, which was not included in our original guidance and negatively impacted first-quarter earnings by $0.12 per share. In addition, due to purchase accounting, we incurred a $0.03 charge related to the amortization of intangibles from our
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USANA Q1 Sales Up 14.4% To $292 Million
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USANA Health Sciences, Inc. (NYSE: USNA) announced financial results for its fiscal first quarter ended March 31, 2018.
Financial Performance
For the first quarter of 2018, net sales were $292.0 million compared with $255.3 million in the prior-year period, or a 14.4% increase year-over-year.
Favorable currency exchange rates positively impacted net sales by $16.4 million for the quarter. Targeted product promotions offered by the Company during the quarter contributed approximately $11 million to net sales and the Company’s launch of its new skincare line, Celavive, also contributed approximately $9 million in incremental sales for the quarter.
The Company’s total number of active Customers increased 1.9% year-over-year to 585,000.
The Company reported net earnings for the first quarter of $28.9 million, compared with net earnings of $21.4 million reported in the prior-year period. Earnings per diluted share increased to $1.19 per diluted share, an increase of 38.4% on a year-over-year basis.
The increase in net earnings was due primarily to higher net sales, lower relative operating expenses and a lower effective tax rate of 34.2% compared to 36% during the prior year period. Costs related to China and the Company’s internal investigation into its China operations were nominal during the first quarter of 2018 as compared to approximately $2.4 million, after tax, during the prior year period.
“We are off to a solid start to the year as
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Rodan & Fields Reaches $1.5 Billion In Sales
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The business is projecting double-digit growth for the next several years, according to CEO Diane Dietz.
The growth spurt of skin-care brand Rodan & Field continues. The company said it reached $1.5 billion in sales in 2017, up from $1.15 billion for 2016.
About Rodan + Fields
Rodan + Fields® Dermatologists is changing skin and changing lives by partnering with 130,000 Consultants across the United States to redefine the future of aging. Founded by world-renowned dermatologists Dr. Katie Rodan and Dr. Kathy Fields, the creators of Proactiv® Solution, Rodan + Fields’ patent-pending MACRO Exfoliator™ and AMP MD™ System make real results possible at home without injections or other invasive procedures.
Named the 2010 Rising Star by the Direct Selling Association (DSA) for its dedication to achieving a high standard of excellence in business operations, and awarded numerous awards for business campaigns and products, Rodan + Fields is the anti-aging company to watch.
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Nspire Projects $50 Million In Sales For 2018
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Nspire has successfully overcome many of the typical challenges faced by new companies – back orders, system failures, leaders leaving, etc.
However, in their first 10 months, Nspire has generated more than $5.1 million in sales. In 2018 Nspire has an aggressive goal of $50 million.
Nspire CEO Spencer Iverson stated:
“It is an uncommon occurrence for direct sales company’s products to get recognised by today’s “traditional” media, so when it does happen, it’s a victory for the entire direct sales community – not just the company being highlighted.”
Such has become the case with Nspire Network and it’s Cherish Premium Sanitary Napkins.
Nspire’s breakthrough awareness campaign, Now We No , 5K run/walk events, and “customer first” approach captured the attention of a Senior Editor with Essence magazine and the producers from the acclaimed television series Modern Living with Kathy Ireland who contacted the founders in November of 2017.
The show is distributed worldwide and is an informative, magazine-style program that features the hottest stories, trends and breakthroughs that will educate and motivate viewers. The show was genuinely impressed with Nspire’s line of health supplements and the Cherish line of products.
Cherish employs a multi-layer system of protection highlighted by the introduction of a negative ion strip that
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OneCoin $8 Billion In Combined Sales And Still In Business
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any opportunity.
In January 2018 the Bulgaria’s Special Prosecutor’s Office raided the head office of OneCoin and OneLife in Bulgaria and seized several computers. The company has done an estimated $8 Billion in revenue since the start.
According to the brother of Ruja Ignatova founder and CEO, Konstantin Ignatov who is now in charge of the daily operations, all equipment seized is giving back and no arrests were made. Both websites www.onecoin.eu and www.onelife.eu are operational.
Ruja Ignatova is well, however got death threats and therefore will not be seen in public.
The next communication OneCoin send to their members, most likely with the involvement of consultant Frank Ricketts:
“OneLife Office Raided and Computers Seized”
Those two words, “raided” and “seized,” they sure cause some goose bumps to occur and make you wonder what is going on and it is not on the positive side of life. Of course these words were used by websites like CoinDesk and CoinTelegraph, which are both biased websites and cannot be trusted as truthful since people pay them to post articles on their websites.
The haters continue to
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Amway 2017 Sales Up 3% to $8.6 Billion
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Amway has announced sales of $8.6 billion USD for the year ending Dec. 31, 2017.
The company achieved sales gain in several key markets, including South Korea, Thailand and India. Total sales in the second half of 2017 grew by 3 percent, compared to same period of the previous year, led by China and the United States. The company forecasts year-over-year sales growth in 2018.
“We have weathered a challenging period for our business in China that, combined with less than favorable exchange rates, have impacted our sales for a few years,”
Amway President Doug DeVos said.
“That downward trajectory has leveled off and now, with our China business rebounding faster than expected, we are forecasting sales growth in 2018.
Several factors further support the company’s 2018 forecast, including steady growth in bellwether markets like South Korea and Thailand, expanding investments in digital platforms and distributor tools, and new product launches that are exceeding expectations.”
The company’s significant investment in digital platforms is considered a key sales driver in 2018 and beyond.
“Technology is evolving at a rapid pace and we are evolving and investing right along with it,”
said Steve Van Andel, Amway’s Chairman of the Board.
“The next-generation entrepreneur wants to run his or her